Invesco Ltd. Sells 22,716 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Invesco Ltd. decreased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,188 shares of the business services provider's stock after selling 22,716 shares during the quarter. Invesco Ltd. owned 0.38% of Liquidity Services worth $3,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LQDT. Jane Street Group LLC grew its position in Liquidity Services by 33.4% during the third quarter. Jane Street Group LLC now owns 55,173 shares of the business services provider's stock valued at $1,258,000 after buying an additional 13,804 shares during the period. Barclays PLC increased its stake in shares of Liquidity Services by 307.3% in the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock worth $899,000 after purchasing an additional 29,746 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Liquidity Services by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider's stock worth $11,757,000 after purchasing an additional 2,392 shares in the last quarter. Franklin Resources Inc. raised its holdings in Liquidity Services by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider's stock worth $339,000 after purchasing an additional 1,019 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Liquidity Services by 102.7% during the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock valued at $1,366,000 after purchasing an additional 30,360 shares during the period. Institutional investors own 71.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LQDT. Barrington Research reaffirmed an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a report on Wednesday, March 19th. StockNews.com downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th.

Insider Transactions at Liquidity Services

In other news, Director Beatriz V. Infante sold 5,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $35.36, for a total transaction of $176,800.00. Following the sale, the director now directly owns 82,990 shares in the company, valued at approximately $2,934,526.40. This represents a 5.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jaime Mateus-Tique sold 931 shares of Liquidity Services stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $29.43, for a total value of $27,399.33. Following the completion of the transaction, the director now owns 224,562 shares of the company's stock, valued at approximately $6,608,859.66. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,758 shares of company stock valued at $5,286,708 in the last ninety days. Corporate insiders own 28.40% of the company's stock.

Liquidity Services Trading Up 0.9 %

Shares of NASDAQ:LQDT traded up $0.30 during midday trading on Friday, reaching $32.14. 21,375 shares of the company were exchanged, compared to its average volume of 206,574. The stock has a market cap of $997.59 million, a PE ratio of 42.95 and a beta of 1.39. The business's fifty day moving average is $30.95 and its two-hundred day moving average is $30.04. Liquidity Services, Inc. has a one year low of $17.33 and a one year high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.